Renault sets new mid-term goals after record earnings

French carmaker Renault posted record full-year sales and profit on Friday and set itself ambitious new mid-term goals for both, after earnings were boosted by a comprehensive model revamp. Operating profit surged 38 percent to 3.282 billion euros in 2016 on a 51.2 billion euros in revenue, up 13.1 percent, Renault said. The results were achieved "in spite of the fact that some of our important markets are still significantly lower," Chief Financial Officer Clotilde Delbos said.